Holland & Knight Attorneys Face Pay Cuts

Law360, New York (July 29, 2009, 8:43 PM EDT) -- Attorneys at Holland & Knight LLP became the latest to receive grim news about their salaries, after the firm announced it would cut salaries by as much as 10 percent because of slowing business.

Associate salaries and the salaries of some senior counsel and professionals at the firm will be reduced by an average of about 7 percent, Steven Sonberg, the firm’s managing partner, said in a statement released Wednesday.

Many but not all attorneys at Holland & Knight will see their paychecks chopped, Sonberg said,...
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